We haven’t written about the wider card reader market (or mobile point of sale market) for a couple of years. The market has been a little static and there’s been too much going on elsewhere with EU interchange reductions, corporate … Continued

Christmas should be season of goodwill to all, so why are merchant acquirers acting like Scrooge at Christmas? WorldPay has become the latest merchant acquirer to fail to pass on the full 0.5% EU reduction in consumer credit card interchange to its customers.

So 9 December has come and gone and the EU interchange caps have taken effect but most SME merchants are left wondering what does this mean for me and why am I not seeing a material reduction in my card processing costs?

Global Payments has now written to merchants advising of new pricing starting 1 January 2016. Many observers and merchants had expected material fee reductions in light of the EU’s new interchange cap legislation effective 9 December 2015. What we are seeing … Continued